US Treasury Secretary says Trump's crypto policy will "consolidate" dollar hegemony

Odaily News U.S. Treasury Secretary Bessette said that Trump's promotion of cryptocurrencies and stablecoins will strengthen the global dominance of the U.S. dollar. He believes that stablecoins have the potential to become the largest buyer of U.S. debt and are a key factor in "locking" the hegemony of the U.S. dollar. Previously, the Senate had just passed stablecoin legislation, and Trump hoped to sign the bill before August. (The Block)